According to a market report by Lucintel, the future of the global smart label market looks promising with opportunities in the retail, healthcare, and logistic markets. The global smart label market is expected to reach an estimated $21.2 billion by 2030 from $9.9 billion in 2024,at a CAGR of 13.6% from 2024 to 2030. The major drivers for this market are increased demand to lower theft and shoplifting, rising use of smartphones built-in QR code reading capabilities, as well as, growing need in monitoring and security solutions for smart labels.A more than 150-page report to understand trends, opportunity and forecast in smart label market to 2030 by product type (RFID, electronic article surveillance label, sensing label, and dynamic display label), application (retail inventory, perishable goods, and others), end use (retail, healthcare, logistics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the product type category, RFID will remain the largest segment over the forecast period because the features includes automated data collection, real-time tracking, and information accuracy are available, and for supply chain and inventory management, RFID is strongly recommended for maintaining synchronized records.
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In terms of region, North America is expected to witness the highest growth over the forecast period due to growing demand from major manufacturers and distributors, rising labor costs and concerns about price integrity, and the expanding use of smart labels in asset monitoring and merchandise applications.
Advantech, Alien Technology, Graphic Label, AVERY DENNISON, CGL Industries, Meuhlbauer Holdings, Zebra Technologies are the major suppliers in the smart label market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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